Member Info for chasf

I imagine he'll use a chunk of the bonus money to convert options. I really don't think there's a question about his commitment to the project, having watched several of the webinars.

At least one RNS said specifically that the advances were unsecured.

It's an "advance" against the finance, soon enough to arrive.

Matt's surname is censored here? Wonderful.

"As you point out cash is being burnt though - how is the man paying staff, keeping lights on, paying lawyers in E and SA."

When I see "advances " I imagine it involves an advance of cash to Kefi to do those things, not Matt Han**** on more manoeuvres. When that is "unsecured" I imagine it means there is no security, so the underlying asset values are not relevant.

A large shareholder closely involved with the scheme, by which i mean seriously inside, aware of the current status, and currently in for a fairly hefty chunk, might well decide that the risk of advancing relatively modest amounts (compared to the shareholding, and its potential value on completion), was small enough to do that. It would be much better than, for want of a small amount, forcing the company to raise from the market and dilute the large shareholding further at this level.

(I gave up in the end.)

I tried to place an order just below it yesterday, and instantly it jumped just beyond mine. Removed my order, and it jumped back. Tedious.

I was surprised yesterday how quickly it turned on hitting 2p. I thought it would push a little higher this week.

There's no way to tell who controls it. As far as I can tell, though, someone uses it to set a desired price band for O trades, since the MMs' trading software almost always keeps their prices within the range bid to ask (sometimes they go outside that). I assume they collect shares at the low, run it up, drop the shares, then run it down to do the same again. If there's any volume in the book against it, it pulls away until that stops. It really messes up British Bulls (see the KEFI entry there). "Let's go for a bullish ride! It's fine. Oh no! Suddenly it's BEARISH ENGULFING!" Same confusion in the SHORT direction. Vaguely amusing to watch its own algorithm struggle with this one.

The trade data from the exchange marks AT trades made by trading algorithms specially (P-ALGO) . It has been running on kefi for months.

Algobot changed direction.

I'm fairly sure HA said yesterday the consortium expressly did not want to go anywhere near the stockmarket at the moment, which a "convertible loan" would.

I don't think I'd take Bulls advice to short this now, myself. I'd expect it to be pushed up during this week, but we'll see.

"AGM agenda...AGM requirement but importance got down graded as things got sorted out"

To clarify, because someone was asking about it several days ago here: they thought an AGM might need to authorise certain items for the deal, but as the deal was finalised, those fell away, so the AGM was reduced to fulfilling its role as a legal requirement.

The quinine in the Fevertree doesn't seem to be controlling the fever.

I think it's unlikely he will leave soon, since the options vest in thirds, with the first third not vesting until next year, and I think having got this going he's anyway going to want to press on with Saudi.

Let's hope the elections go smoothly!

"about the loan that has been acquired to pay to keep the office lights on for a bit longer."

Since the advances have been arriving for some time now, and were mentioned in a previous financial RNS, why would it suddenly need a new one?

they might run it down a bit further early next week before starting the next walk up, depending what turns up on Monday